MergerPlace

Drop Store with Great Location

Florida (Broward)


  • Asking Price: $120,000
  • Gross Income: $115,144
  • Cash Flow: $14,955
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $55,500
  • Listing ID: #217778
  • Established: 2013
  • Employees: 1 FT / 1 PT

Business Description

Known franchise in dry cleaning. Excellent location in the Fort Lauderdale area. The seller owns a plant and is willing to establish a convenient agreement with the Buyer of the Drop store to process their clothing. Seller has no time to dedicate to the development of the business, so he decided to sell it. The franchise has a system for pick up and drop-off 24/7. A dedicated owner should be able to increase the business. A new store would cost $195k to set up. Royalties are 6% plus 1% advertising. Financials assume an owner operator.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Broward

Company Information

Year Established: 2013
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT / 1 PT

Financial Information

Asking Price: $120,000
Gross Revenue: $115,144
Cash Flow: $14,955
FF&E: $55,500
Seller Financing Available: No

Property Information

Facilities:

The drop store is located in the commercial are of an apartment building.

Growth & expansion opportunities:

A dedicated owner and extra effort in advertising should allow the business to grow.

Competition:

This franchise uses green solvents, and bio-gradable bags. They have a automatic drop off box that allow clients to pick up and deposit clothing 24/7, they do hand ironing. There are a couple of dry cleaners in the area.

Reason for selling:

No time to dedicate and develop the drop store.

Support & Training:

Will train for 1 week @ no cost The company collects clothing and sends it to a plant to be cleaned. Once the clothing is received the costumers go to the store to pick it up. No specific skills needed, marketing knowledge is a plus and costumer service as well.

Contact Business Seller

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Business Listed By:

Andy Fischer

Murphy Business Brokers